Transcription of UNIFORM PRUDENT MANAGEMENT OF …
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UNIFORM PRUDENT MANAGEMENT OF …
UNIFORM PRUDENT MANAGEMENT OF institutional FUNDS ACT drafted by the NATIONAL CONFERENCE OF COMMISSIONERS ON UNIFORM STATE LAWS and by it APPROVED AND RECOMMENDED FOR ENACTMENT IN ALL THE STATES at its ANNUAL CONFERENCE MEETING IN ITS ONE-HUNDRED-AND-FIFTEENTH YEAR HILTON HEAD, SOUTH CAROLINA July 7-14, 2006 WITH PREFATORY NOTE AND COMMENTS Copyright 2006 By NATIONAL CONFERENCE OF COMMISSIONERS ON UNIFORM STATE LAWS November 8, 2007 ABOUT NCCUSL The National Conference of Commissioners on UNIFORM State Laws (NCCUSL), now in its 115th year, provides states with non-partisan, well-conceived and well-drafted legislation that brings clarity and stability to critical areas of state statutory law. Conference members must be lawyers, qualified to practice law. They are practicing lawyers, judges, legislators and legislative staff and law professors, who have been appointed by state governments as well as the District of Columbia, Puerto Rico and the Virgin Islands to research, draft and promote enactment of UNIFORM state laws in areas of state law where uniformity is desirable and practical.
Reasons for Revision. The Uniform Prudent Management of Institutional Funds Act (UPMIFA) replaces the Uniform Management of Institutional Funds Act (UMIFA).
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